Abstract
The principles of statistics can be applied to almost every sphere of modem life;
sports are no exception. It is hypothesized in horse racing that the odds of winning
the horse is reflected in the volume of bets placed up to the start of the race. We
have tested this hypothesis in this paper. We also looked at the effect of various variables such as the weight carried by the horse, the time taken and the barrier
effects on the finishing position of the horse. It appears that the betting remains
almost constant for winning horses while the loosing horses exhibit an increasing
trend.
sports are no exception. It is hypothesized in horse racing that the odds of winning
the horse is reflected in the volume of bets placed up to the start of the race. We
have tested this hypothesis in this paper. We also looked at the effect of various variables such as the weight carried by the horse, the time taken and the barrier
effects on the finishing position of the horse. It appears that the betting remains
almost constant for winning horses while the loosing horses exhibit an increasing
trend.
| Original language | English |
|---|---|
| Title of host publication | Third Conference on Mathematics and Computers in Sport |
| Editors | Neville de Mistre |
| Place of Publication | Gold Coast |
| Publisher | ANZIAM |
| Pages | 227-232 |
| Number of pages | 6 |
| Publication status | Published - 1996 |
| Event | 3rd conference on Mathematics and Computers in Sport - Bond University, Gold Coast, Australia Duration: 30 Sep 1996 → 2 Oct 1996 Conference number: 3rd http://www.anziam.org.au/Third+MCS |
Conference
| Conference | 3rd conference on Mathematics and Computers in Sport |
|---|---|
| Country/Territory | Australia |
| City | Gold Coast |
| Period | 30/09/96 → 2/10/96 |
| Internet address |